Menem was also supremely flexible as a politician, beginning his career as a self-styled disciple of Gen. Juan Domingo Peron, who founded the populist movement that bears his name and placed the economy largely under state control. Menem, who served two terms as president between 1989 and 1999, transformed the country — but in the opposite direction.
“I don’t know if I’m going to get the country out of its economic problems, but I’m sure going to make a more fun country,” Menem once said. He relished the company of celebrities, hosting the Rolling Stones and Madonna in Buenos Aires, and memorably shrugged off criticism after receiving a red Ferrari as a gift from an Italian businessman in 1990.
“It is mine, mine and mine,” Menem, an auto racing fan, said in front of television cameras. “Why would I donate it?”
Later, he reluctantly agreed to auction off the car for $135,000, with the proceeds going to state coffers.
The son of Syrian immigrants whose family owned a winery, Menem was a folksy, three-time governor of northwestern La Rioja Province, noted for shoulder-length hair and muttonchop sideburns when he came to international prominence.
He won the Peronist Party nomination and surged to victory in 1989 presidential elections, capitalizing on economic and social chaos in Argentina. The country was mired in 5,000% annual inflation and the poor were sacking supermarkets to obtain food. Read from source….